Cormac Twomey, Executive Vice President, Global Operations & Delivery at Concentrix Corp (CNXC, Financial), executed a sale of 500 shares of the company on October 29, 2024. The transaction was filed on the same day with the SEC. Following this sale, the insider now directly owns 24,936 shares in the company.
Concentrix Corp (CNXC, Financial) is a global provider of customer experience (CX) solutions and technology, specializing in customer engagement and improving business performance. The company offers services such as analytics, consulting, and technology innovations to enhance customer interactions.
Over the past year, Cormac Twomey has sold a total of 3,644 shares and has not made any purchases. The recent sale was conducted at a price of $44.18 per share, resulting in a transaction value of $22,090.
The insider transaction history for Concentrix Corp shows a trend with 4 insider buys and 7 insider sells over the past year.
On the valuation front, Concentrix Corp was trading at $44.18, giving the company a market cap of $2.88 billion on the day of the sale. The price-earnings ratio stands at 14.43, which is below both the industry median of 26.13 and the company’s historical median.
According to the GF Value, which is an intrinsic value estimate from GuruFocus, Concentrix Corp has a GF Value of $127.89. With the current price of $44.18, the price-to-GF-Value ratio is 0.35, indicating that the stock might be a possible value trap and investors should think twice before investing.
This sale comes amidst a backdrop of mixed insider activity and a valuation that suggests caution, as reflected in the GF Value and the price-to-GF-Value ratio.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
